Wilbur Ross controlled Navigator files for IPO

OCTOBER 18, 2013 — Navigator Holdings Ltd., whose majority shareholder is investor Wilbur Ross's WL Ross & Co, reports that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC). This filing is made in anticipation of a proposed initial public offering of shares of common stock of Navigator. An application has been made to the New York Stock Exchange to list the shares under the symbol "NVGS."

The number of shares to be offered and the price range for the offering have not been determined.

Navigator is the owner and operator of the world's largest fleet of handysize liquefied gas carriers and provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gasses and ammonia for energy companies, industrial users and commodity traders. Its fleet consists of 30 semi- or fully-refrigerated handysize liquefied gas carriers, including one secondhand vessel that it has contracted to acquire for delivery in 2013 and seven newbuilding vessels scheduled for delivery by August 2015.